Chicago Investment Analysis

Investment Property in Chicago, IL

Discover Investment Performance Rent Prices Top Properties Insights

Discover

Chicago

Real estate investing in Chicago is more lucrative than most people might think. Airbnb has to proved to be a great channel in providing returns in this pricey city. The market analysis shows the great opportunities in renting out entire investment properties as oppose to individual rooms on Airbnb.

Chicago has similar real estate market trends as other big cities, such as New York City, but the property prices are less than half of New York City. The average rent to home price ratio is higher in Chicago than in other parts of the country, and the Chicago metro area continues to see increasing rent rates. This opens up great real estate investing opportunities because housing is cheaper in Chicago and rent is increasing. There is such a high demand from students and employees from various industries, making buy-and-holds optimal. Tourism also drives a demand for short-term rentals.

Chicago is one of the few cities that has an abundant supply of multi-family homes, which have low selling prices and high rental rates, making positive cash-flow very feasible.

Chicago, IL Real Estate Investment Performance

PROPERTY SALE PRICE

$ 369,900

Median

1,806

Avg/Sq.ft.

CASH ON CASH RETURN

3.00%

Traditional

4.00%

Airbnb

RENTAL INCOME

$ 2,513

Traditional

$ 3,618

Airbnb

RENTAL INCOME

$ 2,513

Traditional

$ 3,618

Airbnb

NUMBER OF PROPERTIES

5,373

Investment

51,119

Airbnb

10,315

Traditional

70%

Airbnb occupancy rate

Chicago, IL Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 2,095	$ 2,709	$ 3,524	$ 5,046
Traditional	$ 1,406	$ 1,779	$ 2,346	$ 3,112

Airbnb

1 ROOM	$ 2,095
2 ROOMS	$ 2,709
3 ROOMS	$ 3,524
4 ROOMS	$ 5,046

Traditional

1 ROOM	$ 1,406
2 ROOMS	$ 1,779
3 ROOMS	$ 2,346
4 ROOMS	$ 3,112

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Chicago, IL

$250,000

MLS 12079736

8818 S Dauphin Avenue, Chicago, IL 60619

Burnside

Single Family Residential

4 beds 3 baths N/A sq.ft.

CAP RATE Trad. 12.09% Airbnb 10.15%

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
	$152,000	12%	9%	$2,032	$2,824	45	77%
	$322,000	4%	7%	$2,438	$4,530	92	74%
	$445,000	4%	4%	$2,772	$3,759	49	72%
	$424,900	4%	7%	$3,029	$5,305	41	71%
	$642,500	3%	4%	$3,563	$3,743	322	71%
	$164,900	12%	29%	$2,335	$2,132	15	70%
	$379,900	4%	7%	$2,665	$3,489	160	69%
	$353,698	5%	6%	$2,736	$5,639	22	69%
	$168,500	8%	9%	$1,849	$2,648	128	68%
	$464,900	4%	7%	$3,171	$6,222	20	68%
	$339,450	4%	5%	$2,578	$3,164	46	67%
	$334,950	5%	6%	$2,593	$3,292	66	67%
	$220,000	6%	8%	$2,194	$3,758	21	66%
	$162,500	8%	15%	$2,143	$4,112	82	65%
	$392,000	5%	4%	$2,802	$3,185	34	65%
	$447,325	4%	3%	$2,979	$3,150	90	64%
	$375,000	4%	6%	$2,780	$4,329	74	64%
	$385,000	5%	5%	$2,615	$3,036	25	64%
	$194,900	8%	9%	$1,892	$2,511	31	63%
	$294,700	5%	3%	$2,440	$2,568	28	63%

$ 369,900

Median

1,806

Avg/Sq.ft.

3.00%

Traditional

4.00%

Airbnb

$ 2,513

Traditional

$ 3,618

Airbnb

$ 2,513

Traditional

$ 3,618

Airbnb

5,373

Investment

51,119

Airbnb

10,315

Traditional

70%

Airbnb occupancy rate

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